Merkin, Head of Madoff Feeder Fund, Hit With $7M Ruling

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Merkin, Head of Madoff Feeder Fund, Hit With $7M Ruling

Submitted by admin on Thursday, 27 October 2011No Comment

By Chad Bray 1319749326 12 Merkin, Head of Madoff Feeder Fund, Hit With $7M Ruling

A New Jersey businessman and philanthropist has won a $7 million arbitration award against J. Ezra Merkin (pictured), a money manager who has been accused by investors of funneling more than $2 billion to convicted Ponzi scheme operator Bernard Madoff.

An arbitration panel earlier this month awarded $7.01 million to Moshael Straus, representing his investment in Merkin’s Ascot

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